7 min
Feds Report About $2.7 Trillion in Improper Payments in Two Decades America in Focus
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- News
The federal government reported hundreds of billions of taxpayer dollars in improper payments last fiscal year and trillions over the last two decades.
According to a new report from the Government Accountability Office, the federal government reported $236 billion in improper payments in fiscal year 2023. The true number, though, is actually much higher, but federal reporting is often lacking.
“GAO has found that these payments represent a material deficiency or weakness in internal controls,” GAO said. “Specifically, GAO has noted that the federal government is unable to determine the full extent of its improper payments or to reasonably assure that appropriate actions are taken to reduce them.”
Full Story: https://www.thecentersquare.com/national/article_e0f897fc-f137-11ee-811d-5b4aa35ab139.html
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Support this podcast: https://podcasters.spotify.com/pod/show/america-in-focus/support
The federal government reported hundreds of billions of taxpayer dollars in improper payments last fiscal year and trillions over the last two decades.
According to a new report from the Government Accountability Office, the federal government reported $236 billion in improper payments in fiscal year 2023. The true number, though, is actually much higher, but federal reporting is often lacking.
“GAO has found that these payments represent a material deficiency or weakness in internal controls,” GAO said. “Specifically, GAO has noted that the federal government is unable to determine the full extent of its improper payments or to reasonably assure that appropriate actions are taken to reduce them.”
Full Story: https://www.thecentersquare.com/national/article_e0f897fc-f137-11ee-811d-5b4aa35ab139.html
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Support this podcast: https://podcasters.spotify.com/pod/show/america-in-focus/support
7 min